Royal Dutch Shell News: Canadian Poll Results & a New Location Hint

Royal Dutch Shell news: In an attempt to stay ahead of the curve, Royal Dutch Shell plc (NYSE:RSD.A) has conducted a survey to find out Canadian preferences over future energy solutions. According to the recently published report, “Canadians care about energy and the environment, but also recognize the importance of innovating and working together to explore future energy options," said Lorraine Mitchelmore, Shell Canada President and Country Chair.” Most importantly, the survey revealed that:

1-      68 per cent of Canadians think that the future of energy is a very important issue, and this is higher among women and those over 40

2-      Environment is seen as the most important issue related to future energy needs (27 per cent), above climate change (20 per cent) and cost (20 per cent)

3-      Canadians believe innovation, and collaboration between community, industry and government is the most important factor in building future energy solutions, but they also recognize they have a role to play in using less energy and by recycling

Peter Voser holding pump

In line with findings, and at Royal Dutch Shell’s Innovation Summit, Jeremy Bentham, Vice President Global Business Environment said "They [Canadians] highlight the need for business and government to find new ways to collaborate, fostering policies that promote the development and use of cleaner energy, and improved energy efficiency."

On another note, there are rumors circulating about Royal Dutch Shell looking to enter the Somalia. The initiative comes from the Somali government, which began talks with several oil & gas exploration and production companies. Besides Royal Dutch Shell, Exxon Mobil Corporation (NYSE:XOM), BP plc (ADR) (NYSE:BP), ConocoPhillips (NYSE:COP), Enersis S.A. (ADR) (NYSE:ENI) and Chevron Corporation (NYSE:CVX) have been tempted by representatives of the African country. With Royal Dutch Shell recently pulling out of Libya for security reasons, government authorities will have to make a great effort to convince firm representatives about investing in the African Horn.

Disclosure: Jodor Jalit holds no position in any of the mentioned stocks.

Recommended Reading:

Royal Dutch Shell News: The Real Reason Why The Company Left Colorado

Royal Dutch Shell News: Eagle Ford Sale Won’t Surprise You, India Legal Issues Might

Shell Makes a Massive Bet on American Natural Gas

Sign Up

Get the InvestingChannel
Free e-Letter Today

Learn More

Independent market opinion, analysis and ideas - delivered every business day

Premium market opinions, analysis, and ideas - delivered every business day

Editor's Picks